How much is gas where you live?

[pbfoot]

Originally Posted by FLYBOYJ

You sure about that????

sorry slight correction 1-2%
here is a clip from following article from last week

"They say it's not even galloping demand that's at fault; it's a shortage in supply.

The high prices will eventually encourage more supply, and put a big damper on demand. But even with rapid growth in China during the period of rising prices, world consumption of oil increased only 1 per cent last year.

"This marked the third year in which oil demand grew at an annual rate of less than 2 per cent," noted the Worldwatch Institute. "

TheStar.com | Business | Who to blame for sky-high gas

[FLYBOYJ]

Originally Posted by pbfoot

"This marked the third year in which oil demand grew at an annual rate of less than 2 per cent," noted the Worldwatch Institute. "

"OIL" demand, not gasoline - I think gasoline demand been averaging a 5% growth rate since 2001 - I'll try to find the source.

[Hop]

but demand overall worldwide has only increased 1% over the same period of time

Demand or consumption?

Demand/consumption has only risen by 1% over the period because the price of oil has gone up so much. If oil still cost $40 a barrel, how much would demand have risen?

That's why the price rises if production can't keep up with demand. If demand grew to 90 million barrels a day, and production remained at 85 million, where would the extra 5 million barrels a day come from?

If production is greater than demand, then the price falls until demand increases to use the excess production. The reverse is also true, if production falls (or even stays flat), then the price increases until demand falls to match production.

The only alternative is rationing, where you fix the price but limit allocations, so you can afford oil, but not get all you need. Rationing is open to abuse, though, and requires a central authority controls the supply.

[Henk]

R9,95 per liter now after the fuel prise went up at 12am on Wednesday.

[CharlesBronson]

In Cordoba, Argentina.

Gasoline 98 octanes: 2,90 pesos

Gasoline 90 octanes: 2,50 pesos

Gasoline 86 octanes 2,45 pesos.

Diesel: 2,25 pesos

Compressed Natural Gas: 0,92 pesos

1 Argentine peso= 0.33 Dollar and 0,20 Euro.

[Luis Miguel Almeida]

don`t have new prices!!
Fuel is over in gas stations today.
today i had to drive 80 Km to buy 30 lts of diesel.
Truck drivers are on strike since sunday, caos is instaling in the country.
1 truck driver killed by another in a road blockade, 2 injured, 3 trucks set on fire.
shortage of food in supermarkets, milk is being wasted in the farms because of lack of distribution, catle doesn`t recieve food.
Airports with fuel for emergencie, military and governement aircraft
Hundreds of veicules stopped in highways from lack of road assistance trucks.
Its getting dangereos here!!
Government preparing to declare state of emergencie. This means troops on the streets.

[Wayne Little]

Up to $1.68.9 here in some stations.....

[ToughOmbre]

3.94 to 4.09 reg

TO

[trackend]

£1.16 a ltr BBC financial observers expectation is for it to hit £2.25 by the end of the year
Roughly $20 a gallon

[comiso90]

$100 to fill up my car... $400 a week in gas!
I want to buy a scooter and dump my BMW!

[Thorlifter]

I couldn't tell you the last time I filled up my truck. I just put in $25 or $30. It would probably cost $75 if I filled it up.

Gas is averaging $3.89 around Dallas.

[ccheese]

In Va. Beach it's $3.91. Shell is always a nickle higher, but at the beach
it's over $4.00.

Charles

[freebird]

Originally Posted by FLYBOYJ

Paid $2.69 yesterday - I did see a report last week that said Colorado had the lowest gais prices in the US - RIGHT NOW!

Gee, a trip down memory lane, $2.69 gas....


Diesel is now $5 bucks a gallon in some places in Washington state....


In Canada diesel will soon be pushing $6 a gallon....

[Erich]

ethanol laced crap for 4.39 a gal............ no end in sight guys

[evangilder]